How much do Americans spend on holiday shopping? This year, they are expected to spend 8% more—around $1.8k in total.1 With 28% of polled credit card users reporting that they are still paying off holiday debt from last year,1 planning is crucial to ensure the season of giving doesn’t leave you with more financial stress than holiday cheer.
The best account options, like a high-yield savings account (HYSA) and select checking accounts, also allow you to earn interest on your balance.
Receiving a holiday bonus at work is a welcomed end-of-the-year present – and using it wisely can have a lasting impact on your overall financial well-being.
It’s important to have an everyday spending account you can depend on to make holiday shopping convenient and simple – but the right checking account goes beyond the basics.